Vox Media to cut 6% of workforce on grim recovery prospects in 2020 – Reuters

(Reuters) – Vox Media, the owner of New York magazine, is laying off 6% of its staff, as it does not expect a rebound in publishing business to pre-COVID forecasts in the second half of 2020, according to an internal email seen by Reuters. Media companies are hard-pressed with cash flow concerns as they see…

Vox Media to cut 6% of workforce on grim recovery prospects in 2020 – Reuters

(Reuters) – Vox Media, the owner of New York magazine, is laying off 6% of its staff, as it does not expect a rebound in publishing business to pre-COVID forecasts in the second half of 2020, according to an internal email seen by Reuters. Media companies are hard-pressed with cash flow concerns as they see a drop in advertising revenue since the coronavirus outbreak, forcing many to cut expenses. Vox Media Chief Exe
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